9 Comments
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Realist's avatar

I am glad to see that at least one country (China) is taking a responsible approach to gold transactions. The fact that the United States allows naked short selling of gold demonstrates that it is not serious about a gold standard or any standard for that matter. This practice should be forbidden immediately.

RedBaron's avatar

Derivatives and like financial instruments are a two-edged sword. This is because there is paper covering other paper in many instances and the physical gold is not even in the equation or is not even segregated. Smart move by China to ward off this paper, paper, everywhere Western idea of "investing."

Terrance Ó Domhnaill's avatar

Just more evidence that the west, the U.S. in particular, is on the decline very precipitously. I'm more afraid now, that al of these failed empires are going to start another global war like a temper tantrum because the rest of the world is telling them no, they can't have any more cookies. They've had enough.

Alio McDavis's avatar

It might get hairy along the way, but an optimistic view is that once humanity on all sides of all wars have been beaten up badly enough by war as a financial investment, those Ferengi profit seekers will be forced to be replaced with human minded survivalists.

I can hear it now.

"Join the Human Party."

"Vote Human."

I already have the bumper stickers

Guven Cagil's avatar

Translation: any more "Cookies" - any more [free or going-out-business-sale resources]

Alio McDavis's avatar

The mysteries of the metals price movements is indeed on the front burners for about 48.9 million buyers, supposedly less than 15%.

(Interesting that the "official" percentage is always reported as "LESS than 15 percent" rather than MORE than 14. Is someone playing this down? Who would and why?)

If you conservatively guess that for each investor, there is a wife, a husband, 1 or more beneficiaries that have an interest, so I suggest that one might double that 48.9 million metal watchers.

I listen to all of your reports anyway, but there are a lot of people in the metals buzz crowd who would also methinks, appreciate your grounded and financially neutral approach. I would suggest that you might do one per week and even promote it when appropriate with an occasional, "If you are interested in learning more about the forces that are moving the precious and strategic metals markets, be sure to join me at my Substack every Friday night (or whatever....... "Monday Metals Breakdown?) where I will be keeping all of you who are interested updated in all of it's detail."

Thanx for the fabulous work Lena. If it hadn't been deleted from FB along with me and all the mods, you would have surely received the Red Pill Chick of the Week award at "The Red Pill Chick Fan Club".

Fred Potgieter's avatar

no paper fake money in gold . only buy real gold

Fred Potgieter's avatar

trader if raise margin sell short . just so destructive to longs . it's over buy back at bottom just wait